02 Noviembre 2020, USD/JPY
USDJPY trading plan:
Positive macroeconomic statistics from the United States signal a continuation of the uptrend. Consumer spending, which accounts for more than two thirds of U.S. economic activity, increased 1.4% last month after gaining 1% in August. Consumers boosted purchases of goods like new motor vehicles, clothing and footwear. They also lifted spending on healthcare, membership clubs, as well as outlays at sports centers, parks, theaters and museums. More than $3 trillion in government pandemic relief, which included a weekly unemployment benefits subsidy, spurred record economic growth in the third quarter.
Trading recommendation: Buy 104.54 and take profit 105.00.
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